Search Results for: Climate change

Morocco’s clothing manufacturing sector has pivoted to making medical supplies to cope with the flood of cancelled orders from hard hit European customers that marked the outbreak of the Covid-19 pandemic – developing textile backward linkages that could strengthen the industry for the future.…

HONG Kong textile industry leaders have tried to reassure clothing traders and manufacturers operating from the territory they will not face serious harm by any change of diplomatic recognition prompted by the passage of a new HK security law. Speaking to just-style, Louis Chan, assistant principal economist (global research), for the Hong Kong Trade Development Council (HKTDC), claimed that sourcing offices in HK would continue to operate smoothly: “As long as the subject merchandise is not made in Hong Kong, the possible revocation of the special trading relationship or any suspension of HKCO (Hong Kong country of origin) recognition should have little or even no direct impacts on HK’s re-exports (of those items),” he argued.…

The European Police Service (Europol) June 5 announced it has opened a new European Financial and Economic Crime Centre (EFECC) as a fully dedicated hub within its headquarters. Its goal will be to disrupt those involved in serious and organised crime, such as money laundering and fraud, helping law enforcement authorities follow the money trail during investigations and seize criminal profits, said a note from Europol.…

THE COVID-19 crisis has severely depressed sales of personal care products within Latin America and it is unclear when the market will pick up.

In Argentina, for example, a coronavirus-induced lockdown has pushed the economy deeper into recession, slashing sales of most unessential beauty and personal care products.…

ACCESSING the dark web once demanded some computing expertise. But dark web search engines and browsers continue being developed, guiding potential users to this encrypted corner of the web where commercial criminals ply their wares and illicit businesses avoid taxes. How should legitimate companies react?…

CANADA’S automotive industry associations are pressing the Canadian federal government to launch a scrappage scheme to help the country’s automotive market out of its Covid-19 related slump. The Canadian Automobile Dealers Association (CADA), the Global Automakers of Canada (GAC) and the Canadian Vehicle Manufacturers’ Association (CVMA) have made a formal proposal that the government subsidises automotive consumers by between CAD1,500 and CAD3,000 when they trade in an old vehicle and replace it with a new model.…

New aspiring entrants to the AML/CFT and other compliance sectors will be hard hit regarding available jobs and related pay and conditions by the ongoing Covid-19 pandemic, according to international recruitment agency Randstad. Its Hong Kong director banking and financial services Rick Chung warned: “Similar to what we have witnessed during the global financial crisis, it will be challenging for fresh graduates to secure jobs during these extraordinary times.”…

WHEN a crisis such as the Covid-19 pandemic hits a supply chain as complex as the clothing sector, financing problems can gum up commercial relationships, so in the short term, governments, along with regional and international organisations, need to step in.…

THE COVID-19 pandemic will not just threaten business failure for many clothing brands and manufacturers, it may herald the end of the current high production, fast fashion model and result in fewer, smaller collections from more sustainable supply chains, experts have told just-style.…

With many brands and manufacturers unable to visit factories due to travel bans and lockdowns during the Covid-19 crisis, experts have told just-style that there are numerous ways they can still proceed with responsible sourcing, using trusted local representatives. Hervé Ostrowski, chief operating officer at Hong Kong-based supply chain compliance solutions provider QIMA, advised that “brands must have reliable boots on the ground…who can still carry out onsite audits when possible.”…